This Wednesday, the Summit County Council, Basin Recreation and the Utah Athletic Foundation are set to finalize a development agreement that will set the stage for a 20-year development period at the Utah Olympic Park.

The Summit County Council will conduct two public hearings on Wednesday, one to approve the rezoning of land acquired by the UAF in an exchange with Basin Recreation and Summit County, designating the area as a Specially Planned Area. The second public hearing will seek to adopt the development agreement for the area.

According to a report, the land parcel the UAF would rezone and develop will include 67,230 square feet of athlete and work force housing, a 40,000-square-foot sports medicine facility, an expansion to the existing day lodge, construction of added office and athlete support space and three residential development parcels. The total size of the proposed development is 295,515 square feet.

UAF President Colin Hilton said the motions up for approval on Wednesday are essentially "memorializing" the land exchange that already happened between UAF and Basin Recreation and Summit County.

"Most of what we're trying to do is ensure the ongoing operation of the [Utah] Olympic Park and its financial abilities to sustain itself," Hilton said, adding the park operates mainly on a subsidized basis. "This development is adding abilities to generate revenue."

Hilton said the key reason for the land exchange was to relocate the proposed site of the athlete housing to a less visible location. During meetings with the Snyderville Basin Planning Commission late last year, it was suggested to relocate the housing from the originally proposed location adjacent to the ski jumps.

The current proposed location for the athlete housing is further down from the ski jumps where it will have less of a visual impact from State Road 224.

The planning commission staff and Hilton are optimistic about the economic impact this potential development will have on the Kimball Junction area. In a letter to the Summit County Council, the Governor's Office of Economic Development wrote that the proposed development at the Utah Olympic Park positions Park City well for its future goal of another Olympic Games bid.

The Summit County Council will conduct public hearings for the approval of the rezoning and adoption of the development agreement today, Wednesday, Nov. 6, at 6 p.m. at the Summit County Courthouse, 60 N. Main Street in Coalville.